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FMEA: The Path to
Process Excellence
Join the course
4 Practical Application
Harness practical examples and case studies to
master the application of FMEA in your specific
processs
1 Context, History & Relevance
Understand the evoution and significance of FMEA
in process development and execution, reinforcing
its importance in today's dynamic operational
environment
2 Comprehensive Understanding
Gain a solid understanding of the essential quality
tools required for the succesful implementation of
FMEA
3 Detailed Examination
Immerse yourself in an in-depth exploaration of the
FMEA Methodology, incuding its robust five-step
structure.
Course Objectives
Introduction
Section 1
Defining Quality & Risk
Definition of Quality
Quality is the degree to which a product or
service meets customer expectations.
Definition of Risk
Risk is the potential for loss or damage due
to an uncertain event.
Quality vs. Risk
Quality and risk are two sides of the same
coin, as quality can reduce risk and vice
versa.
Quality and risk are two important concepts that must
be managed in order to ensure successful outcomes.
FMEA: Quality & Risk Management Linked
Quality Risk FMEA
High Low Preventive
High High Corrective
Low Low Monitoring
Low High Mitigation
*Data from Quality-One International, Inc. (2020)
Benjamin Franklin
a ounce of
prevention is
better than a
pound of cure.
Failure Modes &
Effects Analysis
FMEA is the process of:
The potential failures that threaten the
fulfillment of a product or process to its
requirements
The effects of these failures on the customers or
internally
The causes of these possible failures and how to
eliminate or avoid them
The Evolution of FMEA: A Timeline
Addressing 21st Century
Challenges with Failure Modes
and Effects Analysis (FMEA)
Section 1
FMEA and Digital Transformation
FMEA Process Digital Transformation Benefits
Risk Identification Improved customer experience
Risk Analysis Increased operational efficiency
Risk Mitigation Reduced costs
Risk Monitoring Enhanced data security
*Source: https://www.cognizant.com/whitepapers/fmea-and-digital-transformation-codex1890.pdf
Complex Supply Chains
In an increasingly globalized world, supply chains have become
more complex, which also increases their susceptibility to
disruptions. FMEA can help identify and mitigate potential points
of failure in these complex networks, helping organizations
ensure business continuity.
FMEA and Sales Improvement
FMEA Step Sales Improvement
Identify Potential Problems Reduce customer complaints
Analyze Potential Risks Increase customer satisfaction
Evaluate Risk Severity Improve customer loyalty
Develop Risk Mitigation Strategies Increase sales revenue
*Data from FMEA Institute
FMEA: A Key Component of
Smart City and Infrastructure
Development
As urban areas are becoming more intelligent and interconnected, the
need for reliable infrastructure has grown. FMEA can identify potential
failures in these systems, from power grids to transportation networks,
contributing to more resilient urban environments
Improving Marketing Leads Through FMEA
FMEA Marketing Leads Improvement
Risk Identification Increased Lead Generation
Risk Analysis Improved Lead Quality
Risk Mitigation Reduced Lead Acquisition Cost
*Data from FMEA Institute
FMEA and Regulatory Compliance
Regulatory Compliance
Regulatory requirements are becoming more
stringent across various industries. FMEA can
help businesses identify areas where they might
be in breach of regulations, helping them stay
compliant and avoid costly fines or reputational
damage.
FMEA & Product Safety Regulations
FMEA helps enhance product safety by
identifying potential design failures, enabling
preventive measures. This proactive tool aids in
regulatory compliance by spotting and
addressing risks before a product hits the market,
thereby ensuring adherence to safety standards
Enroll Now!

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FMEA - Achieve Operational Excellence.pdf

  • 1. FMEA: The Path to Process Excellence Join the course
  • 2. 4 Practical Application Harness practical examples and case studies to master the application of FMEA in your specific processs 1 Context, History & Relevance Understand the evoution and significance of FMEA in process development and execution, reinforcing its importance in today's dynamic operational environment 2 Comprehensive Understanding Gain a solid understanding of the essential quality tools required for the succesful implementation of FMEA 3 Detailed Examination Immerse yourself in an in-depth exploaration of the FMEA Methodology, incuding its robust five-step structure. Course Objectives
  • 4. Defining Quality & Risk Definition of Quality Quality is the degree to which a product or service meets customer expectations. Definition of Risk Risk is the potential for loss or damage due to an uncertain event. Quality vs. Risk Quality and risk are two sides of the same coin, as quality can reduce risk and vice versa. Quality and risk are two important concepts that must be managed in order to ensure successful outcomes.
  • 5. FMEA: Quality & Risk Management Linked Quality Risk FMEA High Low Preventive High High Corrective Low Low Monitoring Low High Mitigation *Data from Quality-One International, Inc. (2020)
  • 6. Benjamin Franklin a ounce of prevention is better than a pound of cure.
  • 7. Failure Modes & Effects Analysis FMEA is the process of: The potential failures that threaten the fulfillment of a product or process to its requirements The effects of these failures on the customers or internally The causes of these possible failures and how to eliminate or avoid them
  • 8. The Evolution of FMEA: A Timeline
  • 9. Addressing 21st Century Challenges with Failure Modes and Effects Analysis (FMEA) Section 1
  • 10. FMEA and Digital Transformation FMEA Process Digital Transformation Benefits Risk Identification Improved customer experience Risk Analysis Increased operational efficiency Risk Mitigation Reduced costs Risk Monitoring Enhanced data security *Source: https://www.cognizant.com/whitepapers/fmea-and-digital-transformation-codex1890.pdf
  • 11. Complex Supply Chains In an increasingly globalized world, supply chains have become more complex, which also increases their susceptibility to disruptions. FMEA can help identify and mitigate potential points of failure in these complex networks, helping organizations ensure business continuity.
  • 12. FMEA and Sales Improvement FMEA Step Sales Improvement Identify Potential Problems Reduce customer complaints Analyze Potential Risks Increase customer satisfaction Evaluate Risk Severity Improve customer loyalty Develop Risk Mitigation Strategies Increase sales revenue *Data from FMEA Institute
  • 13. FMEA: A Key Component of Smart City and Infrastructure Development As urban areas are becoming more intelligent and interconnected, the need for reliable infrastructure has grown. FMEA can identify potential failures in these systems, from power grids to transportation networks, contributing to more resilient urban environments
  • 14. Improving Marketing Leads Through FMEA FMEA Marketing Leads Improvement Risk Identification Increased Lead Generation Risk Analysis Improved Lead Quality Risk Mitigation Reduced Lead Acquisition Cost *Data from FMEA Institute
  • 15. FMEA and Regulatory Compliance Regulatory Compliance Regulatory requirements are becoming more stringent across various industries. FMEA can help businesses identify areas where they might be in breach of regulations, helping them stay compliant and avoid costly fines or reputational damage. FMEA & Product Safety Regulations FMEA helps enhance product safety by identifying potential design failures, enabling preventive measures. This proactive tool aids in regulatory compliance by spotting and addressing risks before a product hits the market, thereby ensuring adherence to safety standards